F&I data: Auto loan denial rate rises to 19%
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York’s survey.
Auto lenders denied nearly 1 in 5 consumers seeking a car loan during the 12 months ending in June, a larger rejection rate than a year earlier, according to the Federal Reserve Bank of New York’s survey.